Job creation is looking up in Knoxville – way up. A new survey by Manpower Group says that Knoxville will have the strongest job market in the country in the second quarter.
Twenty-five percent of Knoxville employers surveyed said they will be adding jobs in the second quarter, up from 17 percent in the first quarter this year and 18 percent in the second quarter 2011.
Only 1 percent of the metro Knoxville business surveyed said they will be cutting jobs this spring.
“Among survey participants, the Knoxville, TN MSA employment outlook is the best in the nation,” Manpower said in a news release.
Hiring in metropolitan Knoxville in the fourth quarter should improve compared to a year ago, but job gains will be modest, according to the latest survey by Manpower Inc.
Fifteen percent of Knoxville area employers said they plan to add jobs in the fourth quarter and 8 percent plan to redue staff levels, according to the 4Q Manpower Employment Outlook Survey released this week.
A year ago, 12 percent of aera employers who responded said they planned to increase staffing and 11 percent planned to decrease staffing.
Companies are still cutting jobs – as evidenced by Hewlett Packard’s announcement Tuesday that it would slash it’s global payroll by 9,000 workers over the next three years — but the pace of layoffs is slowing.
In a report released today, global outplacement consultancy Challenger, Gray & Christmas Inc. says layoffs have “returned to prerecession levels.”
That’s what passes for good news these days, but at least the economy continues to recover.
In May, U.S. employers said they planned to cut 38,810 jobs, the12th straight month when job cuts were lower than the same month in the previous year, according to the Challenger, Gray report.